Bolttech Acquires Kenya’s mTek

Bolttech has acquired Kenya-based digital insurance platform mTek, a move that extends Bolttech’s presence in East Africa and adds to its embedded insurance capabilities globally.

mTek, founded in 2019, provides a digital platform that allows customers to compare, purchase, and manage insurance products online. The platform works with insurers including GA Insurance, Sanlam, and Britam, and recently announced a collaboration with Mastercard to expand embedded insurance solutions across East Africa. The acquisition will see mTek’s technology and insurance expertise integrated into Bolttech’s wider global ecosystem.

“This represents an exciting step forward for bolttech as we expand our footprint in Africa. mTek’s innovative platform and talented team share our vision of using technology to make protection more accessible. Together, we can accelerate digital transformation in insurance and extend the reach of embedded protection across the region,” said Stephan Tan, Chief Executive Officer, EMEA, bolttech.

“Joining the bolttech family marks an exciting next chapter for mTek. Our technology, local insight, and commitment to inclusive insurance have transformed how customers access protection in Kenya, and this partnership allows us to scale that impact even further – bringing more innovative and relevant insurance solutions to customers at scale,” said Bente Krogmann, Chief Executive Officer, mTek.

mTek’s leadership team, led by CEO Bente Krogmann, will continue to manage operations in East Africa to maintain continuity for customers, partners, and employees. The company will also undergo a rebrand as part of the transition. Both organisations say they will work together to ensure a smooth integration process.